(AP)—Not long ago, online games company Zynga looked on pace to unseat much bigger, well-established rivals as it rode the popularity of "FarmVille," the clicking game of virtual cows and real money.
Facebook stock hit a new low on Tuesday, with the world's leading social network having lost more than $50 billion dollars in market value since it became a publicly traded company in May.
(AP) Facebook's stock plunged to a new low Thursday as some of the social networking leader's early backers got their first chance to sell their shares since the company's initial public offering went awry.
Facebook shares have lost nearly half their value since a highly-touted public offering in May, but it's still not a bargain for some.
Facebook's latest figures showing growth in global users also suggest as many as 83 million may come from dubious sources -- duplicate accounts, pages for pets and those designed to send spam.
Facebook reports its first earnings as a public company on Thursday in an announcement that will be closely watched for signs of whether the social media giant can deliver on its financial promise.
After a dire stock market debut, Facebook has clawed back a large chunk of its losses as investors look past the flubbed initial public offering and gradually warm to the leading social network.
Facebook's chief technical officer Bret Taylor on Friday announced he is leaving the world's leading social network to start a new company with a friend.
Two weeks after the largest, most anticipated IPO in years, Facebook shares keep going down. And down. And down. And investors want to know how far they can go.
Facebook already unleashed millions of shares to wary investors. Now the technology giant's early investors are about to see if they can force-feed millions more.